Having progressed from start-up to multi-million pound business in just nine years, Staffordshire-based Infinity IT Solutions has tapped into financial advice and business consultancy from Howards to manage its rapid growth.
The Uttoxeter-based company supports 130 clients in five countries and posted a £1million turnover in its first year. As well as assisting with business registration, payroll, VAT and general accountancy services, we’ve been able to help the company make key decisions to achieve its commercial ambitions.
As the business has developed, we’ve stepped in to provide additional support, including corporation tax planning and pensions, ensuring that the outsourcing of auto enrolment for all staff was a seamless process from start to finish.
The ability to tap into financial advice and business consultancy support has given the directors confidence to invest profits to buy assets, expand the company’s services or recruit staff. The progressive nature of the IT industry means that keeping up with the pace of technology can be expensive. It’s certainly one of the biggest challenges that Infinity has faced and cash flow forecasting played a key role in the directors’ decision to invest in best-in-class monitoring and process automation.
It’s often the case that the directors of a business are so heavily involved in running the day-to-day operation that they don’t have the time to draw up strategic plans. We help them take a longer term view, set goals and plan ahead, so that they’re able to refocus on why they set up their business in the first place and what they want to achieve.
With Infinity, we meet for quarterly proactive planning sessions and six-monthly trading reviews. Having a clear picture of how the business is performing is empowering and means the directors can make informed decisions about the company’s future direction.
In a reciprocal partnership arrangement, Infinity has helped us by setting up a fully outsourced IT system. Incorporating an anti-ageing security platform, it supports our diverse, and often complex, business requirements, including cyber security to ensure data compliance with data protection legislation (GDPR).